Resolute Mining’s (RSG) “Buy” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of Resolute Mining (LON:RSG) in a research note released on Thursday morning, MarketBeat Ratings reports. They currently have a GBX 110 price objective on the stock.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 74 target price on shares of Resolute Mining in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 105.50.

Resolute Mining Stock Performance

RSG opened at GBX 74.41 on Thursday. The company has a debt-to-equity ratio of 29.62, a current ratio of 1.01 and a quick ratio of 0.41. The firm has a market cap of £1.59 billion, a P/E ratio of 14.48 and a beta of 1.61. Resolute Mining has a 1-year low of GBX 17.37 and a 1-year high of GBX 86. The company has a 50 day simple moving average of GBX 69.47 and a two-hundred day simple moving average of GBX 55.88.

About Resolute Mining

Resolute is an African-focused gold miner with more than 30 years of experience as an explorer, developer and operator. Throughout its history the Company has produced more than 9 million ounces of gold from ten gold mines. The Company is now entering a growth phase through the development of the Doropo project in Côte d’Ivoire which will supplement the existing production from the Syama mine in Mali and Mako mine in Senegal. The Company trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG.